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All Journal Jurnal Manajemen dan Organisasi Jurnal Administrasi Bisnis Publisia: Jurnal Ilmu Administrasi Publik Jurnal Bisnis dan Manajemen Jurnal Ilmu Sosial dan Ilmu Politik Policy & Governance Review AdBispreneur Hasanuddin Economics and Business Review International Research Journal of Business Studies (E-Journal) Syntax Literate: Jurnal Ilmiah Indonesia Journal of Economic, Bussines and Accounting (COSTING) JMM (Jurnal Masyarakat Mandiri) STI Policy and Management Journal Reformasi : Jurnal Ilmiah Ilmu Sosial dan Ilmu Politik JPSI (Journal of Public Sector Innovations) Spirit Publik : Jurnal Administrasi Publik Amalee: Indonesian Journal of Community Research & Engagement International Journal of Economics Development Research (IJEDR) Publica: Jurnal Pemikiran Administrasi Negara Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Ministrate: Jurnal Birokrasi dan Pemerintahan Daerah Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences Journal La Sociale BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Eduvest - Journal of Universal Studies Journal of Sustainable Development and Regulatory Issues Journal of Character and Environment Jurnal Vokasi Indonesia International Research Journal of Business Studies Journal of Environment and Geography Education Jurnal Bengawan Solo: Pusat Kajian Penelitian dan Pengembangan Daerah Kota Surakarta
Retno Kusumastuti
Business Administration, Department Of Administrative Science, Faculty Of Social And Political Sciences, Universitas Indonesia
Religion Aerospace Engineering Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Environmental Science Health Professions Law, Crime, Criminology & Criminal Justice Neuroscience Public Health Social Sciences Other

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Journal : BISNIS

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Developing Innovation Capability of SME through Contextual Ambidexterity Kusumastuti, Retno; Safitri, Nurul; Khafian, Nidaan
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 22, No. 1
Publisher : UI Scholars Hub

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The word "ambidexterity" can be interpreted as the capability of an organization that simultaneously implement innovation activities both in exploratory and exploitative manner. The organization that implement these two types of innovation activity is called ambidextrous organization. In general, the studies on ambidextrous organization in the past mainly focused on structural ambidexterity whereas studies on contextual ambidexterity still got less attention. The contextual ambidexterity can be achieved through the provision of context that allow employees to implement both activities on exploration and exploitation. The Depok City in West Java was one of the municipalities that see a growing number of small and medium enterprises (SMEs). According to a data from the Depok Agency for Markets, Cooperatives and SMEs, the total number of SMEs was 2,400 units, consisting of 2,352 smaller merchants and 48 medium enterprises. The aim of this research paper was to elaborate on how far the SMEs in Depok could adopt the study of contextual ambidexterity. The research itself utilized qualitative approach with mixed methods research as its methodology by the use of questionnaires and in-depth interviews. The questionnaires were distributed to the owners of SMEs with purposive sampling technique whereas in-depth interviews were conducted on SME actors. The measurement on contextual ambidexterity was conducted with the instrument that was developed by Ghosbal and Bartlett (in Birkinshaw and Gibson, 2004). The research results indicated the capability of an organization to innovate was created through the context of organization in the form of performance management and social support. The designs of both performance management and social support from the organization could provide the context that would support the employees to perform innovative acts both in exploitative and exploratory sense.
Ownership Structure and Performance of Public Companies Listed in the Indonesian Stock Exchange Wasef, Raden Mouna; Kusumastuti, Retno
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 17, No. 3
Publisher : UI Scholars Hub

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The aim of this study is to find out if the concentration of the biggest shareholder, the control rights and the ratio of cash flow rights-control rights of the controlling shareholders contributed to profitability. This study uses purposive sampling technique in collecting the data and linear panel regression in analysing the panel data. The result of this study shows that the ownership concentration of the biggest shareholders has positive impact to company profitability as big shareholders have bigger incentive and thus better chance to do supervision upon the management. The study also found that the control rights concentration of controlling shareholders have negative effect to profitability since more concentrated power of the controlling shareholders made the shareholders position stronger and may incline them to gain individual profit which in turn will reduce the company’s profit. On the contrary, higher ratio of cash flow rights to-control rights contributed positively to profitability because higher cash flow rights will tend to prevent the controlling shareholders from expropriating the company’s assets.
Analysis of The Impacts of Family Ownership on a Company’s Costs of Debt PERDANA, IDA BAGUS PUTRA; KUSUMASTUTI, RETNO
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 18, No. 2
Publisher : UI Scholars Hub

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There is an increasing trend among investors to consider Good Corporate Governance (GCG) in determining company incentives are to be invested in. Obviously, investors would prefer to make investments in companies that adopt Good Corporate Governance rather than otherwise. This view has eventually led to a belief that GCG can give added values not only to the adopting company, but also to the stakeholders. This research analyzes the impacts of family ownership and founding CEO/chairperson on a company’s costs of debt. This topic is chosen in consideration that there are still a lot of family-owned companies in Indonesia. The research uses a positivist-quantitative paradigm and the samples are 64 family-owned companies listed at the Indonesia Stock Exchange from 2007 to 2009. The research also uses a random effect model. The results of the research indicate that family ownership has positive but insignificant impacts, while founding CEO/chairperson has no impacts on a company’s costs of debt.
Analysis of Ownership Structure Effect on Economic Value Added Henryani, Friska Fardhina; Kusumastuti, Retno
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 20, No. 3
Publisher : UI Scholars Hub

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Ownership structure has a direct relationship with company’s capital structure where the cost of capital is the main component in the calculation of economic value added to measure the value of the firm. This research aims to analyze the effect of ownership structure that consists of managerial ownership, public ownership, institutional ownership, and government ownership on economic value added, used as a measurement of the firm value. This research uses an unbalanced panel data of 182 observations data of all listed companies in the period of 2007-2011 that issued dividend regularly every year during the research’s year. The result shows: (1) managerial ownership has no significant effect on economic value added, (2) public ownership has a significant positive effect on economic value added, (3) institutional ownership has a significant positive effect on economic value added, (4) government ownership has no significant effect on economic value added, (5) ownership structure (managerial ownership, public ownership, institutional ownership, government ownership) simultaneously has a significant positive effect on economic value added.
Co-Authors Abd. Rahman Abdul Jabbar Achmad Fauzi Achmad Lutfi Ahmad Iman Sukri Ahmad Zaky Ahmad Zaky Amy Natalia Andi Nuralim Kamal Anjani Faustina Anugerah Yuka Asmara Arif Wahyu Hidayat Atmojo, Setiaji Nor Aulia, Rida Azhar Kasim Batara Indra Aditya Biantoro, Sony Krisnu Caroline Felita Cita Karunia Sari Diah Permata Sari DIAH PERMATA SARI, DIAH PERMATA EFFY ZALFIANA RUSFIAN Eko Sakapurnama Elvira, Verens Evie Oktafia Ferry Oktavian Firdaus, Nur Friska Fardhina Henryani Hanafi Hanafi Henryani, Friska Fardhina Hilmiyanti, Nabila Dwi Ichsan Ari Wibowo IDA BAGUS PUTRA PERDANA Indra Jatmiko Kevin Aushaf Quds Kurniawan, Anggito Erry Maria Matahari Marinda Putri, Anggina Mias Fatimatuzzahra Muhammad Aprisakundi Muhammad Aprisakundi Muhammad Ichsan Muhammadin Innuuridz Wahid Nidaan Khafian Nina Kurniawati Nurati Nurati Nurul Safitri Nurul Safitri Nurul Safitri PERDANA, IDA BAGUS PUTRA Prima Nurita Prima Nurita Rusmaningsih Putri Chairina Rachma Fitriati Raden Mouna Wasef Ria Azizah Tri Nuraini Rida Aulia Rida Aulia Rizal Sukma Pradika Rusmaningsih, Prima Nurita Sudarsono Hardjosoekarto Sulaiman, Anthonio Effan Sultan Nadjamuddin Syahid Izzatuddin Umam, Gumay Khotibul Umanto, Umanto Utomo, Luhur Fachri Wasef, Raden Mouna Widianingsih Widianingsih